A pair of startups – a Raleigh software firm and a Mooresville agbio venture – are making news with investment disclosures.

Here are the details:

  • Raleigh-based software company seeks to raise $1 million

Ugru, a Raleigh-based computer software company seeks to raise $1 million, according to a filing with the Securities and Exchange Commission.

Lauren Hong reports for North Carolina Business News Wire that Ugru filed the Form D on March 22. The first sale has yet to occur. The company does not intend this offering to last more than one year.

The offering is not being made in connection with a business combination transaction. The company estimates that $100,000 of the gross proceeds of the offering will be used for payments to executives officers, directors or promoters.

Founded in 2011, Ugru is a cloud-based financial practice management suite. It offers sales force automation, marketing automation, bookkeeping and operations tools and financial planning assistance.

The company claimed a Rule 506c exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

  • Mooresville-based International Agriculture Group raised $1.5 million

Ryder Smith reports for NCBNW that International Agriculture Group in Mooresville has closed on $1.5 million.

International Agriculture Group filed the Form D on March 21. Chief Executive Officer Maurice Moragne signed the form.

Moragne previously served as a senior consultant at Patagonia Foods and the general manager of the business unit of Chiquita Fruit Solutions.

The company did not disclose what it intended to do with the proceeds. However, other than the payment of salaries, compensation and benefits, no officer, director, manager or promoter will receive any payments from the proceeds.

International Agriculture Group was created in 2015.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.